UK Preliminary Services PMI declines to 52.9 in May vs. 54.7 expected
Source Fxstreet
- UK Services PMI dropped to 52.9 in May.
- Manufacturing PMI in the UK expanded to 51.3. in May.
- GBP/USD holds higher ground near 1.2740 after mixed UK business PMIs.
The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) rebounded from 49.1 in April to 51.3 in May, beating 49.5 expectations.
more to come ...
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Here is what you need to know on Thursday, August 13:
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West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.45 during the early Asian trading hours on Thursday. WTI declines on a larger-than-expected build in US crude oil inventories. Traders will closely monitor the developments surrounding US-Iran talks for fresh impetus.
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